Biases have a strong influence over our decision-making capabilities and can distort the result of our decision. What is more astonishing is that we are unaware of our prejudices that can influence our choices under most circumstances. While our experiences and personality may be an enabler for most of our life-based decisions, these same [...]
As the final quarter to this past financial year ends, we seem to have come full circle and smack in the middle of yet another ‘lockdown like’ scenario. But this time around things will be different; the past 12 months have been a learning curve of sorts. We have the roll-out and administering of [...]
It is surprising to know that even the most seasoned investors are susceptible to investment blunders that arise from irrational reactions and emotional decision-making. Research has proven the gap between investor and investment returns tends to be as wide as 3% pa. Why this wide gap? Why are investors losing out? Managing Emotions What [...]
The element of risk is always closely tied in with any investment activity that we choose to participate in. As undesirable as it may seem to be, it’s something that we must take into account while making investment decisions. Forewarned is forearmed Gaining some prior knowledge before you plunge into the risk-reward-laden investment market [...]
Achieving financial freedom or in more trendy terms the acronym FIRE (which stands for Financial Independence, Retire Early), need not be an unachievable goal. Like every other activity, one undertakes, be it education, a career, or even a hobby, all of these require dedication, persistence, and consistency. To achieve your goal of financial freedom [...]
Will you outlive your money in retirement?Lack of planning combined with a lack of prudence in investing appropriately for retirement could lead to the risk of you outliving your money. First of all, investors often tend to get the basic math wrong, one should always consider an age bracket of 85 to 90 years while [...]
Hindsight is 20/20 While 20/20 refers to clear vision, hindsight refers to a clearer understanding of a past event. But, considering its meaning and the actual happening in the year 2020, this expression is now more eye-opening than ever before. Words like unprecedented, mask up, remote working, ‘workcation’ or even ones like ‘anthropause’ have [...]
PPF is an attractive tax-saving investment vehicle that is available to the citizens of India. It was founded with the primary objective of providing a reliable retirement solution to the self-employed as well as for those individuals who are not covered by their employers’ provident funds. As a 15-year deposit account, it allows people [...]
There is a misconception that financial planning is only for the wealthy. Well! That is a myth. Being wealthy is not a pre-requisite for financial planning; in fact, it is vice versa. Wealth creation begins from the very first penny you earn and how you put it to use in the long run will [...]
All conversations regarding investments sail over the undercurrent of the risk and return tradeoff. This even plays a defining role in the purchase decision once investors have evaluated the amount of risk they will be exposed to when they choose an investment product. One of the key challenges to successful investing depends on mitigating [...]
